Tiangong International Uniformly Raises High-Speed Steel Prices in June 2026
[Molybdenum Express] SMM, June 18 – Tiangong International issued a June price adjustment letter for high-speed steel: Affected by the continuous rise in prices of alloy raw materials such as ferrotungsten and ferromolybdenum, as well as steel scrap, the enterprise issued a price adjustment notice: Effective from 00:00 on June 17, 2026, prices for all newly signed spot and contract orders would be uniformly raised. For all specifications, the base price of high-speed steel grades containing 1% molybdenum (Mo) would be raised by 500 yuan per mt. This price adjustment aims to stabilize raw material supply.